Two-Unit Duplex
New
For Sale
$250,000
6760 DAYTONA Drive, Lake Wales, FL 33855
Residential Income, LAKE WALES, FL
Property Size1,788 SF
Lot Size0.50 Acres
Price / SF$139.82
Days on Market2
Property Features for 6760 DAYTONA Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
PUD
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bathroom 3, Bathroom 4, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 1, Bedroom 2
Window features
Blinds
Patio and Porch features
Porch
Pets allowed
Cats OK, Dogs OK
Interior features
Ceiling Fans(s)
Exterior features
Outbuildings
Appliances
Dryer, Electric Water Heater, Range, Refrigerator
Subdivision
INDIAN LAKE ESTATES
Lot features
Level, Near Golf Course
Directions
Head east on State Road 60 (FL-60 E) from the intersection with US-27 and continue for approximately 18.9 miles. Turn right on Deland Avenue. Drive to the stop sign turn left on Park Ave. at the Fork Fork left onto Dayton Dr it is the first Duplex on the right. ****Park In the second Drive Way 6766.****
Standard status
Active
APN
30-31-04-994100-032737
Size
1,788 SF
Lot size
0.50 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
INDIAN LAKE ESTS UNIT 10 PB 40 PG 14 BLK 327 LOT 12 SEC 4/9 31 30
Tax Annual Amount
2299
Legal Description
INDIAN LAKE ESTS UNIT 10 PB 40 PG 14 BLK 327 LOT 12 SEC 4/9 31 30
Utilities
Sewer type
Septic Tank
Heating system
Heat Pump (Heating)
Cooling system
Central Air
Water source
Well, Public
Amenities
gated community
boat ramp
private marina
fishing pier
18-hole championship golf course
clubhouse
restaurant
fitness center
Building Details
Year built
1974
Floors in Building
1
Flooring type
Tile, Laminate
Building materials
Block, Stucco
Roof type
Membrane
Additional Structures
Outbuilding, Storage
Listing Agency:
EXP REALTY LLC
(888) 883-8509
Listed By:
Richard Williamson · License #3617099
(863) 238-7999
Added: Sep 4
Changed: Sep 5
Last Checked: Sep 5 at 4:06AM
MLS# TB8545955
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 6760 Daytona Drive in Lake Wales, this duplex comprises two matching residences with a combined 1,788 square feet of heated living space. Each side includes 2 bedrooms, 2 bathrooms, an en-suite primary bath, a kitchen, laminate and tile flooring, central air, and heat-pump heating. Block and stucco construction, a membrane roof, ceiling fans, porches, and dedicated driveway parking support practical everyday use. The property occupies 0.5 acres and includes an outbuilding.
The homes are situated within the gated Indian Lake Estates community, which offers access to Lake Weohyakapka, a boat ramp, private marina, fishing pier, golf course, and a 23,000-square-foot clubhouse with a restaurant and fitness center. Public water, a well, and septic service are present. Both units will be vacant at closing, providing flexible possession for the next owner.
The homes are situated within the gated Indian Lake Estates community, which offers access to Lake Weohyakapka, a boat ramp, private marina, fishing pier, golf course, and a 23,000-square-foot clubhouse with a restaurant and fitness center. Public water, a well, and septic service are present. Both units will be vacant at closing, providing flexible possession for the next owner.
Key Highlights
- Two matching 2‑bedroom, 2‑bathroom residences with en‑suite primary baths
- 1,788 square feet of heated living space on a 0.5‑acre parcel
- Located in gated Indian Lake Estates at 6760 Daytona Drive, Lake Wales, FL 33855
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,958
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.58%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$379,160
$379.2K
Cap Rate 7%
$270,829
$270.8K
Cap Rate 9%
$210,644
$210.6K
Market Conditions
NOI Build-Up for 1,788 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$29.0K $16.20/SF
− Vacancy
−$1.9K −$1.05/SF
EGI
$27.1K $15.15/SF
− OpEx
−$8.1K −$4.54/SF
NOI
$19.0K $10.60/SF
Area
Polk County, FL
Vacancy
6.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$379,160
Cap Rate 7%
$270,829
Cap Rate 9%
$210,644
Alternative Uses
Best Use
Multifamily LT 5
$270.8K
$237.0K – $316.0K
NOI $18,958 @ 7.0% cap · market cap 7.58%
Second Best
Apartment 5plus
$241.9K
$211.7K – $282.3K
NOI $16,936 @ 7.0% cap · market cap 6.77%
Theoretical Best
Office A
$429.7K
$376.0K – $501.3K
NOI $30,077 @ 7.0% cap · market cap 12.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
22
Businesses Nearby
Explore this area
Business Placement
Demographics for 33855, FL
92
Population
17
Households
5.4
Avg Household Size
61
Median Age
100%
High-School Grad
2.0 sq mi
ZIP Area
46
Density / Sq Mi
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Twin residences feature private primary suites, individual driveways, and delivery vacant at closing.
Where is this duplex located?
The property is located at 6760 DAYTONA Drive Lake Wales, FL.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two matching 2‑bedroom, 2‑bathroom residences with en‑suite primary baths; 1,788 square feet of heated living space on a 0.5‑acre parcel; Located in gated Indian Lake Estates at 6760 Daytona Drive, Lake Wales, FL 33855
